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AOC is with the President - on Phillips curve and the Fed

Discussion in 'Current News & Events' started by mukk_in, Jul 12, 2019.

  1. mukk_in

    mukk_in Yankees Fan Supporter

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    We teamed up with Faith Counseling. Can they help you today?
  2. Yekcidmij

    Yekcidmij Polymath

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    I bet when Trump and AOC mention the "Philips Curve" that it's not the same Philips Curve that Jay Powell thinks about. Powell is undoubtedly thinking about the New Keynesian Philips Curve, where I bet Trump and AOC think about a Philips Curve idea that was disproven in the 70's by people like Tom Sargent and Robert Lucas.

    http://web.mit.edu/14.461/www/part1/slides4.2.pdf
     
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